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She made $40m last year! Taylor Swift beats Beyonce and Justin Timberlake to top list of music's biggest earners

By Johnny Lopez

PUBLISHED: 16:23 EST, 10 March 2014 | UPDATED: 18:03 EST, 10 March 2014

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Her hit album may be called Red, but she's definitely in the black.

Taylor Swift earned nearly $40m last year, according to Billboard magazine's annual Money Makers rich list.

The 24-year-old beat out an all-star lineup that includes Beyonce, Justin Timberlake and even The Rolling Stones.

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On top: Taylor Swift was the music industry's biggest money maker by raking in $39,699,575.60 last year

Taylor Swift rocks out on the electric guitar

Flawless: Beyonce's Mrs. Carter World Tour helped her land at #6 on the Billboard list

Proving a woman can live on writing about bad breakups alone, the country/pop songstress earned $39,699,575.60 to become the highest paid musician last year.

Taylor was also the industry's top touring act generating an estimated take of $30m over the course of her sold-out six month tour.

Adding to her bank account were lucrative tour sponsorships by Keds, Elizabeth Arden and Diet Coke.

Live show: The 24-year-old was also the country's top touring act of the year, pictured here at the Vanity Fair Oscars party last week

TOP 10 MONEYMAKERS

1. Taylor Swift

2. Kenny Chesney

3. Justin Timberlake

4. Bon Jovi

5. The Rolling Stones

6. Beyonce Knowles

7. Maroon 5

8. Luke Bryan

9. P!nk

10. Fleetwood Mac

The I Knew You Were Trouble singer previously topped the list two years ago, back then earning over $35m.

Following in her country footsteps, Kenny Chesney landed at number two on the list, bringing in just under $33m.

The 45-year-old was aided by his chart-topping album Life On A Rock and his massive No Shoes Nation stadium tour.

Bringing sexyback and a whole lot of cash, Justin Timberlake made his successful return to the music arena following a seven year hiatus.

With two albums and two tours - including his Legends Of Summer juggernaut with Jay-Z (#16), the former boybander racked up over $31 million.

Enough for plenty of suit and ties for years to come.

Runner-ups: Kenny Chesney came it at #2 with $32,956,240.70, while JT earned $31,463,297.03 for third place

With their Because We Can stadium tour, New Jersey's finest Bon Jovi had a busy 12 months and helped the steel horse cowboys come in at number four with $29.4m.

And proving that some things only get better with age, the Rolling Stones celebrated their 50th anniversary with their sold out 50 & Counting tour which pushed them to #5 with over $26m.

Beyonce, Maroon 5, Luke Bryan, Pink and Fleetwood Mac round out the rest of this year's top 10.

Embattled teen pop sensation Justin Bieber lands at number 11 with just under $19m, while Kim K's baby daddy Kanye West managed to scrape by on $11.5m at number 26.